Wednesday, March 3, 2010

Ok, now I really count 5 waves complete...really

Let's see that last counted almost lasted a whole day. Well, fortunately there was a spot where it was easy to subdivide one of my counts, so not much had to change with today's higher high. Of course, if we don't start moving down tomorrow, I may really have some hearburn over this one.

The best way to count the move down so far is a 1-2, 1-2 assuming of course that tomorrow follows through with a massive move. Another whopping 9 point day, so we have yet see our wave expansion. We have two shooting star candles on the daily chart, so ideally we need to open below today's low to get things going.

Enjoy the charts!
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